Question
Which of the following aspects of Elliott Wave Theory is FALSE? a. There is no relationship between waves 1, 3, and 5 b. Motive waves
Which of the following aspects of Elliott Wave Theory is FALSE?
a.
There is no relationship between waves 1, 3, and 5
b.
Motive waves have a corrective 3 wave pattern
c.
Channel lines can be drawn to project a target of wave 5
d.
Corrective waves are often Fibonacci levels of 38.2%, 50%, or 61.8%
e.
Wave 2 cannot be lower than wave 1
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Which of the following is a correct interpretation of volume?
a.
In an uptrend, volume should increase on down days
b.
In a downtrend, volume should increase on up days
c.
Volume is secondary to price
d.
Price precedes volume
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